Skellerup reaches $32.3 mln settlement with insurers over Canterbury quake claims

Tue, 11 Mar 2014

By Paul McBeth March 12 (BusinessDesk) - Skellerup, the industrial rubber goods maker, has reached a $32.3 million settlement with insurers over claims from the Canterbury earthquakes in 2010 and 2011 which prompted the relocation of its Christchurch manufacturing facility. The Auckland-based company will receive some $22.3 million this month on top of the $10 million it’s already been paid to cover includes costs that have been incurred and future expenses to shift its agri business to the Wigram Business Park in Christchurch, it said in a...

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